10 (Bloomberg) -- Billionaire George Soros asked the richest nations to use $100 billion of foreign-exchange reserves to finance emissions-reducing projects in poor countries.
The reserves, from the International Monetary Fund, would go into a âgreen fundâ to make investments in rain forests, agriculture and land use that will lower carbon-dioxide emissions, the financier said today at climate-treaty negotiations involving about 192 nations in Copenhagen.
Soros, who has already pledged to invest $1 billion he manages in clean-energy technology, offered the proposal as a catalyst for industrialized countries negotiating how to finance carbon-cutting efforts in the Danish capital. They need new ideas to keep the planet from overheating, he said.
http://www.bloomberg.com/apps/news?pid=20601072&sid=aux6H81mNPkI
Oll George pushing his solar stocks again is he?
The reserves, from the International Monetary Fund, would go into a âgreen fundâ to make investments in rain forests, agriculture and land use that will lower carbon-dioxide emissions, the financier said today at climate-treaty negotiations involving about 192 nations in Copenhagen.
Soros, who has already pledged to invest $1 billion he manages in clean-energy technology, offered the proposal as a catalyst for industrialized countries negotiating how to finance carbon-cutting efforts in the Danish capital. They need new ideas to keep the planet from overheating, he said.
http://www.bloomberg.com/apps/news?pid=20601072&sid=aux6H81mNPkI
Oll George pushing his solar stocks again is he?